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Dec 11, 2006

1st National Bank of Arizona sales up 10 percent from 2005MortgagePress.comArizona mortgage lenders The 1st National Bank of Arizona has reported record production from January through October 2006, up 10 percent from the same 10-month period in 2005. "In addition to the record production month, we've also seen an amazing 15 percent increase in the average units funded per sales account executive," said Craig Chapman, executive vice president, wholesale mortgage eastern division manager. 1st National Bank of Arizona is a privately held, family-owned banking institution based in Scottsdale, Ariz. For more information, call (877) 777-8295 or visit www.fnbavenue.com.

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Dec 11, 2006

Analysis and Data

One-Third Of Homeowners Expect To Refinance Despite Elevated Mortgage Rates

Many prospective refinancers carry mortgage rates above 5%, suggesting demand could accelerate if borrowing costs decline

One-third of homeowners say they are either currently refinancing or likely to refinance within the next two years, despite mortgage rates remaining well above pandemic-era lows, according to new survey data released by Refi.com.The findings challenge a common industry narra...

C-Suite Strategies

Two Harbors Reaffirms August Closing Timeline For CrossCountry Deal

MSR-focused REIT says it will continue regular dividends through closing as the proposed sale advances following UWM's decision not to submit a revised bid

Two Harbors Investment Corp. used its latest dividend announcement to reaffirm expectations that its pending sale to CrossCountry Mortgage remains on track for an August closing.The mortgage servicing rights (MSR)-focused real estate investment trust said it plans to continu...